Selecreu comparauve inancial statements of nordin company TOW. 2 2 of 4 KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 513,325 $ 393, 249 $ 272,900 Cost of goods sold 309,022 248, 140 174,656 Gross profit 204,303 145, 109 98,244 Selling expenses 72,892 54,268 36,023 Administrative expenses 46.199 34, 606 22,651 Total expenses 119,091 88,874 58,674 Income before taxes 85,212 56,235 39,570 Income tax expense 15,849 11,528 8,033 Net income $ 69,363 $ 44,707 $ 31,537 look 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current asset $ 59,931 $ 40,112 Long-term investments 0 1,000 Plant anseta, net 114,795 104,032 Total sets $ 174,726 $ 145,144 Liabilities and Equity Current liabilities $ 25,510 $ 21,626 Common stock 65,000 65,000 Other paid-in capital 8,125 8,125 Retained earnings 76,091 50,393 Total liabilities and equity $ 174,726 $ 145,144 $ 53,620 3,530 63,102 $ 120,252 $ 21,044 47,000 5,222 46,986 $ 120,252 2 2. Complete the below table to calculate income statement data in common-size percents. (Rc to 2 decimal places.) int 2 of 4 eBook 2019 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2018 2021 2020 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense % Net Income % %